Researchers at Digital Shadows, a cyber threat intelligence company, have detected more than 100 Facebook’s Libra-related fake domains, some of these websites has a malicious content.
There are two gropes of the fakes — those impersonating Libra’s official website, and those promoting scams.
“Instead of relying on media buzz and hype around the brand, these types of scams instead aim to convince victims that they are on a legitimate website, and therefore more likely to trust it with their personal and financial data,” said Alex Guirakhoo, a strategic intelligence analyst at Digital Shadows.
Scammers use alphabets that resemble the Roman one used in English to look like the official domain by, for example, replacing a lower-case “a” with the identical Cyrillic character “a.” At least six of the domains copied the Libra and Calibra website by means of the aforementioned homographic technique.
On June 18, Facebook introduced its own Libra cryptocurrency. The company received support from Visa, Mastercard, PayPal, Uber, eBay, Farfetch and other financial and technology companies. Libra’s global launch will take place in the first quarter of 2020, and testing will begin at the end of 2019.